By Susanna Moon
Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $724,500 of 0% trigger step securities due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of 31% and the index return.
Investors will receive par if the index falls by up to 25% and will be fully exposed any losses if the index finishes below its 75% trigger level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger step securities
|
| Underlying index: | S&P 500
|
| Amount: | $724,500
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus greater of 31% and return; par if index falls by up to 25%; full exposure to losses if index falls below trigger
|
| Initial index level: | 2,415.07
|
| Downside threshold: | 1,811.3025, 75% of initial level
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 17325E697
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
